P6 HSS 3.05

A market economy is a type of economic system where. . . (pick TWO answers)

• people buy and trade goods and services freely

• people buy and trade goods and services for a fee

• the government sets the prices of good and services

• producers compete to sell goods

The main goal of a market economy is for the producer to make a profit.

• True

• False

Which TWO contributions is Olaudah Equiano remembered for . . .

• his strong arguments against slavery

• the founding of Maryland and the protection of Roman Catholics offered there

• his charity and dedication to the poor

• his favor of abolition

The system of Triangular Trade was responsible for bringing __________ to North America.

• scientific advancements

• geometry

• slaves

• new technology

An indentured servant would only work for their owners for a certain amount of ________

• money

• time

• goods and service

• land

The Triangular Trade system developed between _______, _______, and _________ to trade the goods of each of the countries.

• Africa

• the colonies

• Australia

• England

The main goal of the colonies was to make money for themselves and NOT their homeland, England.

• True

• False

In which colony were there a variety of religions?

• New England

• Middle

• Southern

• Southwest

In which colony was tobacco one of the most commonly exported items?

• New England

• Middle

• Midwestern

• Southern

In which colony was the thick forests valuable natural resources that strengthened the economy.

• New England

• Southern

• Middle

• Central Plains